Cost of Living in Ray, AL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
94.2
100 = national avg
-5.8 vs national average
Living Wage (1 Adult)
$41,434
per year
Living Wage (Family of 4)
$97,934
per year
Cost Index by Category
Housing78.6
Food102.3
Transportation104.7
Healthcare101.9
Utilities97.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$615
per month
2 Bedroom
$776
per month
The overall cost of living index in Ray is 94.2, which is 5.8% below the national average. Housing costs are below the national average at an index of 78.6. A single adult needs to earn approximately $41,434 per year to cover basic expenses.